Delta Air Lines Posts Great Year-End Financial Outcomes

Caribbean News…
14 January 2020 7:24pm
Delta Air Lines plane and tails

Delta Air Lines has reported total revenue of $47 billion for financial 2019, up 7.5 percent over 2018.

The American carrier said it had secured adjusted earnings per share of $7.31, a 30 percent increase year-over-year. Pre-tax income totaled $6.2 billion.

Delta returned $3 billion to shareholders through dividends and share repurchases in 2019, and will share a further $1.6 billion through a profit-sharing pay-out to staff.

For 2019, total expenses increased 3.9 percent, driven by higher revenue- and capacity-related costs, profit sharing and pension charges. Fuel costs, however, fell by $501 million.

“Investments in reliability, product and service, airports and technology are reshaping customer perception and driving record satisfaction scores and increasing brand preference,” said Glen Hauenstein, Delta president. “We delivered $47 billion in revenue in 2019, a more than $3 billion increase when adjusted over prior year, while sustaining a revenue premium to the industry of more than 110 percent.”

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